Kuwait .. “Cleaning” shares rises to its highest price in 43 months

The share of the National Cleaning Company listed on the Kuwait Stock Exchange increased by 10.93% during Sunday’s trading, to circulate at the price of 63 fils per share, to reach its highest level in 43 months.

The trading on the share came through 303 trading operations that included 6.37 million shares with a value of trading 389.29 thousand dinars, and the highest price for the share was at 69 fils, while the lowest price came at 57 fils, to touch the share in that the highest price in 3 years, 7 months and 8 days.

The National Cleaning Company announced a profit of 191.95 thousand Kuwaiti dinars during the first quarter of 2025, compared to profits of 253.49 thousand dinars in the same period in 2024, which reflects a noticeable decline in profit performance.

The company attributed this decrease to the end of some projects, in addition to the decrease in revenues and the rise in operational expenses, and despite this, the company’s operational revenues witnessed a slight growth of 2.03% on an annual basis, to reach 8.94 million dinars in the first quarter of this year.

In terms of annual performance, “National Cleaning” achieved profits of 1.12 million dinars during the year 2024, compared to 454.61 thousand dinars in 2023, achieving a significant annual growth of 146.09%.

The National Cleaning Company was established in December 1978, a public joint stock company listed on the Kuwait Stock Exchange since March 1996, which is active in the commercial and professional services sector, with a special focus on environmental services and facilities, and its headquarters is located in Kuwait City.